Panasonic (OTCMKTS:PCRFY) Stock Passes Above 200-Day Moving Average – What’s Next?

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.35 and traded as high as $9.36. Panasonic shares last traded at $9.36, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group raised Panasonic from a “sell” rating to a “neutral” rating in a research report on Wednesday, October 2nd.

Panasonic Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39. The stock has a market capitalization of $21.85 billion, a PE ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03. The firm’s 50 day moving average is $9.34 and its two-hundred day moving average is $9.35.

Panasonic Company Profile

Panasonic Holdings Corporation, together with its subsidiaries, research, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy. The Lifestyle segment offers refrigerators, microwave ovens, rice cookers, washing machines, lighting fixtures, vacuum cleaners, air-conditioners, air to water heat pump system, air purifiers/sterilizers, and freezing or refrigerating showcases, as well as ventilation and perflation equipment.